Version Superseded: 19/07/2011
Point in time view as at 27/07/1999.
Finance Act 1999, Part IV is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
24U.K.The following are exempt from stamp duty under this Schedule—
(a)transfers of shares in the government or parliamentary stocks or funds or strips (within the meaning of section 47 of the M1Finance Act 1942) of such stocks or funds;
(b)instruments for the sale, transfer, or other disposition (absolutely or otherwise) of any ship or vessel, or any part, interest, share or property of or in a ship or vessel;
(c)testaments, testamentary instruments and dispositionsmortis causa in Scotland;
(d)renounceable letters of allotment, letters of rights or other similar instruments where the rights under the letter or other instrument are renounceable not later than six months after its issue.
25U.K.Stamp duty is not chargeable under this Schedule on any description of instrument in respect of which duty was abolished by—
(a)section 64 of the M2Finance Act 1971 or section 5 of the M3Finance Act (Northern Ireland) 1971 (abolition of duty on mortgages, bonds, debentures etc.), or
(b)section 173 of the M4Finance Act 1989 (life insurance policies and superannuation annuities).
26U.K.Nothing in this Schedule affects any other enactment conferring exemption or relief from stamp duty.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
